On Thursday, 15 May 2025, the Southern African Fraud Prevention Service (SAFPS) kicked off its annual summit with a bang — or ...

A chilling new scam is sweeping South Africa, with fraudsters masquerading as SAPS to lure victims into fear, deception, and ...

In recent years, South Africa has unfortunately earned a reputation as a fertile ground for fraudsters, transforming the country into a global hotspot for scams so elaborate they could fool even ...

The Southern African Fraud Prevention Service warned the public about a sophisticated scam where fraudsters impersonate police officials.

In 2024, the bank prevented account application cyber fraud attempts worth over R7.5 billion, through its fraud risk ...

AI-developed deepfakes are increasingly being used to bypass financial institutions’ know your customer verification ...

The rise of technology has emboldened criminal syndicates, leading to a significant increase in global fraud. South Africa, being one of the most targeted countries, faces daily challenges with high ...

Meanwhile, a report on fraud statistics in South Africa, issued by the South African Fraud Prevention Service (SAFPS)for the year 2017/2018 shows a saving of over R2-billion for SAFPS member ...

The Southern African Fraud Prevention Service (SAFPS) has warned consumers to be aware of an advance-fee scam where the perpetrator is falsely presenting themselves as a representative of the SAFPS.

You can also add another layer of protection. Retief points out that the SAFPS launched Yima in response to the growing need for a proactive approach to fraud prevention. “Yima allows you to ...

“The repercussions of being a money mule are significant. The guilty party will be listed with the SAFPS and the result is that you could struggle to get access to finance for 10 years. It is ...

"These factors make bursaries and scholarships attractive options for many South Africans," says Nazia Karrim, head of product development at the SAFPS. "The temptation of these options may cause ...